Tag: USA

DHL announces new facility in Kansas City

Posted by | Sep 8, 2005 | |

DHL today announced plans to locate a new Regional Sort Center in Kansas City, Kansas. DHL expects to invest USD3 million over the next three years in the development of the new facility, which will immediately create 130 jobs in the local community. “The new facility in Kansas City will enhance our network operation by enabling us to provide the highest quality service to our growing customer base across the country,” said Fred Beljaars, Executive Vice President for Operations at DHL. “The center is one element of our USD1.2 billion investment program launched in 2004 to enhance DHL’s network connectivity, increase efficiency, and improve service for our customers.”

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Siemens unit wins 460 mln eur order from US Postal Service

Posted by | Sep 7, 2005 | |

Siemens AG said it won a 460 mln eur order from the US Postal Service (USPS) to expand its PARS mail sorting system at all of its domestic centres. The Postal Automated Redirection System (PARS) expedites mail forwarding and other postal processes. Siemens will expand this system over the next 28 months.

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American parcels giant eyes the bid territory for Exel

Posted by | Sep 3, 2005 | |

American parcels giant UPS is working with investment bank Goldman Sachs to explore whether it should enter the fray for Exel, potentially triggering a bid battle for the British supply chain company. UPS, which is valued at USD78billion (pounds 42billion) and has very little debt, has long kept a watching brief on Exel, which on Thursday revealed it had received a preliminary takeover approach from Deutsche Post, the German owner of the DHL courier business. Exel shares slipped 3½ yesterday to pounds 11.75, valuing the business at pounds 3.4billion. UPS has been building up its freight forwarding operations, through 2001’s USD450m acquisition of Fritz and last year’s USD150m purchase of Menlo Worldwide Forwarding but lacks Exel’s strong presence in contract logistics – managing the supply chain for blue-chip companies.
Acquiring Exel would maintain UPS’s leadership in parcels delivery, freight forwarding and contract logistics.

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Exel and Deutsche Post rush to make deal

Posted by | Sep 3, 2005 | |

Top executives at Exel are set to meet their counterparts at Deutsche Post this weekend to try and hammer out the terms of a deal with the aim of launching a bid within the next two weeks. “Both sides are trying to get a deal done as fast as possible but nothing has yet been agreed,” one person close to the situation said. The push to accelerate talks between the UK logistics company, which has a market valuation of Pounds 3.44bn, and Europe’s biggest postal group came as investment bankers scrambled to try and interest counterbidders in a potential deal.

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UPS to raise cap on air fuel surcharge

Posted by | Sep 2, 2005 | |

UPS today announced plans to raise its cap to 12.5% on the fuel surcharge applied to UPS Next Day Air®, UPS 2nd Day Air® and UPS 3 Day Select® and U.S. international air services beginning Oct. 3. A fuel surcharge on UPS Ground services is unaffected and continues to fluctuate monthly based on the U.S. Energy Department’s On-Highway Diesel price. It will stand at 3% in September.
UPS introduced a 9.5% cap on the fuel surcharge for its premium Air services in January of this year after prices began advancing rapidly toward the end of 2004. Since that time, jet fuel prices have increased more than 60%.

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